9 Tech Companies Who Paid Biggest Fines In History


#3 Intel

Fined - $1.45 Billion

The EU fined Intel $1.45 billion due to violations of European antitrust rules. The EU said that Intel illegally used hidden rebates to squeeze rival AMD out of the CPU market, and paid computer makers and retailers to postpone, cancel, or avoid AMD products altogether. They claimed this harmed millions of European customers by deliberately keeping competitors out of the computer chip market.

#2 Philips, Panasonic and LG

Fined $1.92 Billion

Philips, LG, and Panasonic were three of six companies to be jointly hit with this gigantic fine for particpating in a scheme to fix prices and divide up markets for TV and computer monitor tubes in Europe. From 1996 to 2006, these companies devised their plan in exotic cities like Paris, Rome, and Amsterdam in "green meetings," named so because they usually ended with a game of golf. One brilliant plan that didn’t work so well.

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